Case Study: Global Agrochemicals Company achieves $125M in cost savings post-spinoff with GEP

Global Agrochemicals Company Realizes $125M in Cost Savings Post Spinoff

A global agrochemicals company sought to ensure a seamless spinoff from its parent organization and achieve rapid procurement savings in a difficult market. To meet these challenges, the company partnered with GEP for its expertise in procurement and managed services, aiming to improve category planning, gain spend visibility, and drive cost reduction.

GEP implemented a comprehensive solution that included a two-phased approach. They first managed the spinoff by mirroring over 7,000 contracts and ensuring knowledge transfer. Post-spinoff, GEP conducted opportunity assessments, executed supplier summits, and organized workshops to generate savings. As a result, GEP helped the client achieve over $125 million in cost savings over two years, including $35 million in cost reduction and $20 million in working capital savings from a single supplier summit event.